Baxter International Inc (BAX)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,656,000 | 2,592,000 | -2,853,000 | -2,460,000 | -2,433,000 | -2,376,000 | 1,011,000 | 1,057,000 | 1,284,000 | 1,214,000 | 1,120,000 | 1,068,000 | 1,102,000 | 911,000 | 924,000 | 991,000 | 1,001,000 | 1,329,000 | 1,478,000 | 1,506,000 |
| Total stockholders’ equity | US$ in thousands | 8,402,000 | 8,101,000 | 5,569,000 | 5,879,000 | 5,833,000 | 5,535,000 | 8,859,000 | 9,075,000 | 9,077,000 | 8,770,000 | 8,494,000 | 8,452,000 | 8,689,000 | 8,567,000 | 8,128,000 | 7,699,000 | 7,882,000 | 7,588,000 | 7,779,000 | 7,570,000 |
| ROE | 31.61% | 32.00% | -51.23% | -41.84% | -41.71% | -42.93% | 11.41% | 11.65% | 14.15% | 13.84% | 13.19% | 12.64% | 12.68% | 10.63% | 11.37% | 12.87% | 12.70% | 17.51% | 19.00% | 19.89% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,656,000K ÷ $8,402,000K
= 31.61%
Baxter International Inc.'s return on equity (ROE) fluctuated significantly over the past eight quarters. In Q4 2023 and Q3 2023, the company had relatively strong ROE figures at 31.61% and 32.00% respectively. However, in Q2 2023 and Q1 2023, Baxter International Inc. experienced negative ROE of -51.23% and -41.84% respectively. This indicates that the company's net income may not have been sufficient to generate positive returns for shareholders during those periods.
Comparing these results to the previous quarters, Baxter International Inc. also had negative ROE in Q4 2022 and Q3 2022, with figures of -41.71% and -42.93% respectively. The company managed to improve its ROE in Q2 2022 and Q1 2022, achieving positive figures of 11.41% and 11.65% respectively.
Overall, Baxter International Inc.'s ROE performance has been volatile, with periods of both strong profitability and financial challenges. Further analysis of the company's financial statements and operations would be necessary to understand the factors driving these fluctuations in ROE.
Peer comparison
Dec 31, 2023
See also:
Baxter International Inc Return on Equity (ROE) (Quarterly Data)